- Total income
- ₹13,836 Cr
- Profit
- ₹6,481 Cr
About IRB Infrastructure Developers
IRB Infrastructure Developers is a publicly listed company based in Mumbai (India) founded in 1998. Provider of infrastructure development services. The company has 1,456 employees. Its chief executive, as recorded, is Ajay Deshmukh. Its website irb.co.in draws about 23 thousand monthly visits. Its Indian entity Irb Infrastructure Developers Limited reported revenue of βΉ7,854 Cr. IRB Infrastructure Developers offers products and services including Highway Development Services, Toll Collection System, and InvIT Platform. Its focus areas include Real Estate and Construction, Real Estate & Infrastructure Developers and Infrastructure. Its competitors include Afcons, GPT Infraprojects and KEC International.
Company details
IRB Infrastructure Developers, based in Mumbai, focuses on real estate and construction, real estate infrastructure developers, and infrastructure. Provider of infrastructure development services. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
IRB Infrastructure Developers is ranked #199 on the Fortune India 500 (2025).
Recognitions & Rankings of IRB Infrastructure Developers
- Valuation
- ₹35,870 Cr
- Headquarters Mumbai, India
- Employees 1,456
- Stage Public
- SectorsReal Estate & Construction
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website irb.co.in/home
- Social LinkedIn
- Legal Name Irb Infrastructure Developers Limited
- Market Cap₹20,943 Cr
IRB · NSE
- Share Price₹18.27
+5.36% today
- Revenue₹7,648 Cr
FY 2025-26 · +0.5% YoY
- EBITDA₹3,940 Cr
Margin 51.5%
- Net Profit₹875 Cr
FY 2025-26 · -11.8% YoY
- P/E (TTM)18.6x
P/B 1.0x
- ROE4.2%
ROCE 6.0%
- Debt / Equity1.00
Interest cover 62.8x
- Latest Funding Round$714.78M (USD), Post-IPO
Dec 2021
- InvestorsGIC
& 1 more
- Employee Count1,456
Associated legal entities of IRB Infrastructure Developers
IRB Infrastructure Developers is associated with 26 registered companies on The Company Check; the primary company is Irb Infrastructure Developers Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Irb Infrastructure Developers Limited Listed CIN L65910MH1998PLC115967 | Active | 27 Jul 1998 | Mumbai, Maharashtra | ₹7,854 Cr | 35 | 13 | View details |
| Irb Infrastructure Private Limited CIN U28920MH1997PTC112628 | Active | 23 Dec 1997 | Mumbai, Maharashtra | ₹12.0 Cr | 10 | 9 | View details |
| Irb Ps Highway Private Limited CIN U26940MH2010PTC203790 | Active | 07 Jun 2010 | Mumbai, Maharashtra | 3 | View details | ||
| Irb Hapur Moradabad Tollway Limited CIN U45400MH2018PLC308187 | Active | 18 Apr 2018 | Mumbai, Maharashtra | ₹296 Cr | 158 | 6 | View details |
| Ge1 Expressway Private Limited CIN U45400MH2016PTC272250 | Active | 20 Jan 2016 | Mumbai, Maharashtra | 24 | 4 | View details | |
| Solapur Yedeshi Tollway Limited CIN U45400MH2014PLC251983 | Active | 10 Jan 2014 | Mumbai, Maharashtra | ₹129 Cr | 194 | 7 | View details |
| Irb Westcoast Tollway Limited CIN U45400MH2012PLC234786 | Active | 22 Aug 2012 | Mumbai, Maharashtra, India | View details | |||
| Irb Ahmedabad Vadodara Super Expresstollway Private Limited CIN U45400MH2011PTC218122 | Active | 31 May 2011 | Mumbai, Maharashtra, India | View details | |||
| Yedeshi Aurangabad Tollway Limited CIN U45300MH2014PLC255280 | Active | 17 May 2014 | Mumbai, Maharashtra, India | View details | |||
| Ae Tollway Limited CIN U45209MH2015PLC266741 | Active | 21 Jul 2015 | Mumbai, Maharashtra, India | View details | |||
| Vm7 Expressway Private Limited CIN U45203MH2020PTC343883 | Active | 14 Aug 2020 | Mumbai, Maharashtra, India | $39.8M | View details | ||
| Kishangarh Gulabpura Tollway Limited CIN U45203MH2017PLC289501 | Active | 12 Jan 2017 | Mumbai, Maharashtra, India | View details | |||
| Udaipur Tollway Limited CIN U45203MH2016PLC286600 | Active | 06 Oct 2016 | Mumbai, Maharashtra, India | View details | |||
| Irb Goa Tollway Private Limited CIN U45203MH2010PTC199746 | Active | 05 Feb 2010 | Mumbai, Maharashtra, India | View details | |||
| Irb Jaipur Deoli Tollway Limited CIN U45203MH2009PLC197250 | Active | 24 Nov 2009 | Mumbai, Maharashtra, India | View details | |||
| Irb Talegaon Amravati Tollway Limited CIN U45203MH2009PLC196741 | Active | 29 Oct 2009 | Mumbai, Maharashtra, India | View details | |||
| Irb Pathankot Amritsar Toll Road Limited CIN U45203MH2009PLC195741 | Active | 14 Sep 2009 | Mumbai, Maharashtra, India | View details | |||
| Irb Kolhapur Integrated Road Development Company Private Limited CIN U42101MH2008PTC182054 | Active | 09 May 2008 | Mumbai, Maharashtra, India | View details | |||
| Irb Surat Dahisar Tollway Limited CIN U45203MH2008PLC181218 | Active | 16 Apr 2008 | Mumbai, Maharashtra, India | View details | |||
| Modern Road Makers P Ltd CIN U45203MH1994PTC077075 | Active | 15 Mar 1994 | Mumbai, Maharashtra, India | View details | |||
| Irb Mp Expressway Private Limited CIN U45202MH2000PTC130112 | Active | 19 Dec 2000 | Mumbai, Maharashtra, India | View details | |||
| Kaithal Tollway Limited CIN U45201MH2014PLC255454 | Active | 11 Jun 2014 | Mumbai, Maharashtra, India | View details | |||
| Cg Tollway Limited CIN U45200MH2016PLC286895 | Active | 18 Oct 2016 | Mumbai, Maharashtra, India | View details | |||
| Irb Sindhudurg Airport Private Limited CIN U45200MH2009PTC195740 | Active | 14 Sep 2009 | Mumbai, Maharashtra, India | View details | |||
| Atr Infrastructure Private Limited CIN U45200MH2003PTC140999 | Active | 23 Jun 2003 | Mumbai, Maharashtra, India | View details | |||
| Mrm Mining Private Limited CIN U14100GJ2002PTC040343 | Active | 04 Jan 2002 | Mahisagar, Gujarat, India | View details |
Products & Services of IRB Infrastructure Developers
IRB Infrastructure Developers offers a comprehensive portfolio of products and services, including Highway Development Services, Toll Collection System, and InvIT Platform.
Build and operate highway projects via BOT model
Manage toll plazas for vehicle tolling and revenue
Operate infrastructure investment trusts for funding projects
Funding Insights of IRB Infrastructure Developers
- Total Rounds 4
- Last Round Post-IPO β $714.78M
- First Round $71.39M
(Mar 2015)
- Investors Count 2
All 4 funding rounds of IRB Infrastructure Developers with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $714.78M | Post-IPO | β | β | β |
| Oct 2021 | $713.5M | Post-IPO | β | β | |
| Feb 2020 | $521.25M | Post-IPO | β | β | |
| Mar 2015 | $71.39M | Post-IPO | β | β | β |
2 investors in total: 2 institutional.
Investors in IRB Infrastructure Developers
IRB Infrastructure Developers has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include GIC and Cintra Software.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sovereign wealth is managed and private equity investments are facilitated. | gic.com.sg | Singapore, Singapore | ||
Provides cloud database assessment, migration, and management for organizations. | 1996 | cintra.com | New York, United States |
Investor details for IRB Infrastructure Developers
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Irb Infrastructure Developers Limited (IRB Infrastructure Developers)
Irb Infrastructure Developers Limited is the primary company behind IRB Infrastructure Developers. The boards of the 6 registered companies of IRB Infrastructure Developers currently have 24 directors; the longest-serving is Deepali Virendra Mhaiskar, appointed in 1998. 113 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepali Virendra Mhaiskar DIN 00309884 | Whole-time director | 27 Jul 1998 | 28 yrs 3 mo | Irb Infrastructure Developers Limited |
| Virendra Dattatraya Mhaiskar DIN 00183554 | Managing Director | 13 Dec 2006 | 19 yrs 10 mo | Irb Infrastructure Developers Limited |
| Rajinder Pal Singh DIN 02943155 | Director | 14 Feb 2017 | 9 yrs 8 mo | Irb Infrastructure Private Limited |
| Amitabh Murarka DIN 08099533 | Director | 30 Mar 2018 | 8 yrs 7 mo | Irb Ps Highway Private Limited |
| Shilpa Chandrashekhar Todankar DIN 08683910 | Director | 26 Feb 2020 | 6 yrs 8 mo | Solapur Yedeshi Tollway Limited |
| Chandrashekhar Shankarrao Kaptan DIN 01643564 | Director | 26 Feb 2020 | 6 yrs 8 mo | Solapur Yedeshi Tollway Limited |
| Sunil Tandon DIN 00874257 | Director | 05 Jun 2020 | 6 yrs 5 mo | Irb Infrastructure Private Limited |
| Tushar Kantilal Kawedia DIN 07733424 | Director | 26 Mar 2021 | 5 yrs 7 mo | Ge1 Expressway Private Limited, Irb Ps Highway Private Limited |
| Ranjana Vinay Paranjape DIN 06646483 | Director | 06 Oct 2021 | 5 yrs 1 mo | Solapur Yedeshi Tollway Limited |
| Priti Paras Savla DIN 00662996 | Director | 10 Feb 2022 | 4 yrs 8 mo | Irb Infrastructure Developers Limited |
| Abhay Prabhakar Phatak DIN 09519500 | Director | 09 Mar 2022 | 4 yrs 8 mo | Solapur Yedeshi Tollway Limited |
| Ravindra Dhariwal DIN 00003922 | Director | 05 Aug 2022 | 4 yrs 3 mo | Irb Infrastructure Developers Limited |
| Nikhil Sanjeev Maniar DIN 07370306 | Director | 13 Jul 2023 | 3 yrs 3 mo | Ge1 Expressway Private Limited |
| Bajrang Lal Gupta DIN 07175777 | Director | 01 Apr 2024 | 2 yrs 7 mo | Irb Infrastructure Developers Limited |
| Vijay Nautamlal Bhatt DIN 00751001 | Director | 01 Apr 2024 | 2 yrs 7 mo | Irb Infrastructure Developers Limited |
| Luis Aguirre De Carcer Cabezas DIN 10868771 | Director | 29 Dec 2024 | 1 yr 10 mo | Irb Infrastructure Developers Limited |
| Ajay Kumar Singh DIN 08532830 | Director | 05 Feb 2025 | 1 yr 9 mo | Irb Infrastructure Developers Limited |
| Jitender Kumar Chauhan DIN 01552767 | CEO | 01 Mar 2025 | 1 yr 8 mo | Irb Infrastructure Private Limited |
| Nitin Vasantrao Bansode DIN 10944641 | Director | 07 Jul 2025 | 1 yr 4 mo | Ge1 Expressway Private Limited, Irb Ps Highway Private Limited |
| Ajay Pralhadrao Deshmukh DIN 02757929 | Additional Director | 25 Sep 2025 | 1 yr 1 mo | Ge1 Expressway Private Limited |
| Swapna Sadanand Vengurlekar DIN 06972077 | Additional Director | 06 Nov 2025 | 1 yr | Irb Hapur Moradabad Tollway Limited |
| Nikesh Moolchand Jain DIN 06837475 | Additional Director | 06 Nov 2025 | 1 yr | Irb Hapur Moradabad Tollway Limited, Irb Infrastructure Private Limited |
| Rushabh Rakesh Gandhi DIN 08089312 | Additional Director | 06 Nov 2025 | 1 yr | Irb Hapur Moradabad Tollway Limited, Irb Infrastructure Private Limited |
| Anusha Chaitanya Date DIN 10087897 | Additional Director | 06 Nov 2025 | 1 yr | Irb Hapur Moradabad Tollway Limited, Irb Infrastructure Private Limited |
People of IRB Infrastructure Developers
34 people are tracked at IRB Infrastructure Developers (9 in leadership, 7 in board & advisors, 18 in team); the tracked headcount is 1,456.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Vijay Mahale | Deputy General Manager | Leadership |
Sharad Mathur | Chief General Manager | Leadership |
| CEO | Leadership | |
| Chief Operating Officer | Leadership | |
Ca Devendra Ranka | Assistant General Manager - Finance & Accounts | Leadership |
Sanket Jain | General Manager | Leadership |
Anil Yadav | Director Of Investor Relations | Leadership |
| Group Chief Financial Officer | Leadership | |
Sunil Talati | Director | Board & advisors |
| Director | Board & advisors | |
Sandeep J. Shah | Director | Board & advisors |
| Whole Time Director | Board & advisors | |
| Director | Board & advisors | |
Jose Tamariz Martel Goncer | Director | Board & advisors |
| Director | Board & advisors | |
Parthiv Jethi | Gm-business Development & Tendering | Team |
Jai Shri Ram Ayodhya | Human Resources Manager | Team |
Rama Krishna | Executive -it | Team |
Arun Bhat | Sr. Executive I.t | Team |
14 more people are available in the full profile.
Complete people profiles for IRB Infrastructure Developers
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of IRB Infrastructure Developers
IRB Infrastructure Developers is a publicly listed company on the NSE with ticker symbol IRB in India, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date25 Feb 2008
- Listed onBSE: 532947 · NSE: IRB
- Listed entityIRB Infrastructure Developers Limited
- Exchange sectorIndustrial services
- ISININE821I01022
- Share price₹17.77 (-0.56% on the day) · 2026-10-14
- Market capitalisation₹21,571 Cr
- Price to earnings17.2
- EPS (diluted, trailing year)₹1.04
- Dividend yield0.95%
- Volume (last session)6,593,068
Financials of IRB Infrastructure Developers
Exchange-reported figures of Irb Infrastructure Developers Limited, the listed company behind IRB Infrastructure Developers (NSE: IRB).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 7,648 | 7,613 | 7,409 | 6,402 | 5,804 | 5,299 | 6,852 |
| Revenue growth | +0.5% | +2.8% | +15.7% | +10.3% | +9.5% | -22.7% | - |
| EBITDA | 3,940 | 3,472 | 3,022 | 3,129 | 2,575 | 2,352 | 2,965 |
| EBITDA margin | +51.5% | +45.6% | +40.8% | +48.9% | +44.4% | +44.4% | +43.3% |
| Profit before tax | 1,248 | 6,861 | 951 | 1,077 | 550 | 262 | 1,175 |
| Net profit | 875 | 992 | 593 | 705 | 356 | 116 | 681 |
| Net profit margin | +11.4% | +13.0% | +8.0% | +11.0% | +6.1% | +2.2% | +9.9% |
| EPS (βΉ) | 1.41 | 10.73 | 1.00 | 1.19 | 5.98 | 3.33 | 20.51 |
| Balance sheet | |||||||
| Total assets | 49,994 | 49,948 | 42,556 | 40,830 | 40,818 | 38,090 | 29,816 |
| Net worth | 20,949 | 19,827 | 13,745 | 13,379 | 12,566 | 6,901 | 6,683 |
| Total debt | 20,027 | 20,599 | 18,653 | 16,748 | 16,697 | 19,219 | 9,205 |
| Cash & bank | 1,911 | 3,446 | 1,763 | 2,417 | 1,744 | 2,339 | 2,271 |
| Net working capital | 2,956 | 4,031 | 2,464 | 4,961 | 3,001 | 2,096 | (5,565) |
| Cash flow | |||||||
| Cash from operations | 2,098 | 1,971 | 4,054 | 1,764 | 364 | 867 | 3,709 |
| Cash from investing | (910) | 375 | (3,644) | (650) | (1,553) | (8,176) | (4,932) |
| Cash from financing | (2,702) | (720) | (477) | (860) | 589 | 7,520 | 1,388 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,897 | 2,137 | 1,927 | 1,871 | 1,751 | 2,099 | 2,149 | 2,025 |
| Revenue growth (YoY) | +8.3% | +1.8% | -10.3% | -7.6% | +10.4% | +13.3% | - | - |
| Other income | 47.43 | 35.39 | 49.89 | 41.05 | 49.28 | 65.61 | 68.62 | 5,869 |
| EBITDA | 1,055 | 1,153 | 1,083 | 980 | 925 | 952 | 998 | 984 |
| EBITDA margin | +55.6% | +53.9% | +56.2% | +52.4% | +52.8% | +45.4% | +46.4% | +48.6% |
| Depreciation | 329 | 333 | 321 | 289 | 262 | 269 | 286 | 265 |
| Interest | 388 | 438 | 406 | 436 | 451 | 462 | 458 | 461 |
| Profit before tax | 385 | 417 | 406 | 295 | 261 | 286 | 323 | 6,127 |
| Tax | 125 | 110 | 109 | 84.22 | 120 | 83.90 | 108 | 101 |
| Net profit | 260 | 306 | 296 | 211 | 141 | 202 | 215 | 6,026 |
| EPS (βΉ) | 0.22 | 0.25 | 0.25 | 0.17 | 0.23 | 0.34 | 0.35 | 9.98 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,627 | 5,063 | 4,826 | 4,160 | 2,600 | 2,750 | 3,992 |
| Revenue growth | -8.6% | +4.9% | +16.0% | +60.0% | -5.5% | -31.1% | - |
| EBITDA | 1,455 | 851 | 587 | 431 | 676 | 378 | 521 |
| EBITDA margin | +31.4% | +16.8% | +12.2% | +10.4% | +26.0% | +13.7% | +13.1% |
| Profit before tax | 1,324 | 5,813 | 904 | 459 | 430 | 203 | 368 |
| Net profit | 998 | 654 | 753 | 372 | 317 | 186 | 279 |
| Net profit margin | +21.6% | +12.9% | +15.6% | +9.0% | +12.2% | +6.8% | +7.0% |
| EPS (βΉ) | 1.65 | 9.30 | 1.26 | 0.62 | 5.30 | 5.36 | 7.94 |
| Balance sheet | |||||||
| Total assets | 27,776 | 25,514 | 18,873 | 14,819 | 13,958 | 12,949 | 10,611 |
| Net worth | 15,961 | 14,698 | 9,484 | 8,953 | 8,487 | 2,856 | 2,566 |
| Total debt | 11,798 | 10,814 | 9,325 | 5,865 | 5,468 | 10,090 | 8,042 |
| Cash & bank | 1,518 | 3,143 | 1,446 | 1,679 | 1,493 | 2,059 | 1,256 |
| Net working capital | 372 | 1,520 | 295 | 1,757 | 1,421 | 1,865 | 1,667 |
| Cash flow | |||||||
| Cash from operations | (213) | 438 | 1,149 | 250 | (290) | 1,422 | (425) |
| Cash from investing | (923) | 710 | (3,795) | (25.70) | (269) | (2,391) | (2,362) |
| Cash from financing | (441) | 512 | 2,549 | (31.46) | (12.40) | 1,201 | 3,124 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,003 | 1,230 | 1,172 | 1,097 | 1,065 | 1,294 | 1,466 | 1,349 |
| Revenue growth (YoY) | -5.8% | -4.9% | -20.1% | -18.7% | +7.1% | +3.2% | - | - |
| Other income | 97.58 | 55.55 | 200 | 99.69 | 107 | 76.20 | 144 | 4,936 |
| Total expenses | 644 | 778 | 733 | 690 | 723 | 1,027 | 1,097 | 1,037 |
| EBITDA | 359 | 452 | 439 | 407 | 341 | 267 | 369 | 313 |
| EBITDA margin | +35.8% | +36.7% | +37.5% | +37.1% | +32.0% | +20.7% | +25.2% | +23.2% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 145 | 148 | 152 | 151 | 153 | 157 | 157 | 154 |
| Profit before tax | 312 | 360 | 486 | 356 | 296 | 186 | 356 | 5,095 |
| Tax | 78.28 | 90.45 | 96.53 | 77.00 | 107 | 46.63 | 78.00 | 60.98 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,897 | 2,137 | 1,927 | 1,871 | 1,751 | 2,099 | 2,149 | 2,025 |
| Revenue growth (YoY) | +8.3% | +1.8% | -10.3% | -7.6% | +10.4% | +13.3% | - | - |
| Other income | 47.43 | 35.39 | 49.89 | 41.05 | 49.28 | 65.61 | 68.62 | 5,869 |
| EBITDA | 1,055 | 1,153 | 1,083 | 980 | 925 | 952 | 998 | 984 |
| EBITDA margin | +55.6% | +53.9% | +56.2% | +52.4% | +52.8% | +45.4% | +46.4% | +48.6% |
| Depreciation | 329 | 333 | 321 | 289 | 262 | 269 | 286 | 265 |
| Interest | 388 | 438 | 406 | 436 | 451 | 462 | 458 | 461 |
| Profit before tax | 385 | 417 | 406 | 295 | 261 | 286 | 323 | 6,127 |
| Tax | 125 | 110 | 109 | 84.22 | 120 | 83.90 | 108 | 101 |
| Net profit | 260 | 306 | 296 | 211 | 141 | 202 | 215 | 6,026 |
| EPS (βΉ) | 0.22 | 0.25 | 0.25 | 0.17 | 0.23 | 0.34 | 0.35 | 9.98 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 7,648 | 7,613 | 7,409 | 6,402 | 5,804 | 5,299 | 6,852 |
| Revenue growth | +0.5% | +2.8% | +15.7% | +10.3% | +9.5% | -22.7% | - |
| Other income | 206 | 6,222 | 793 | 302 | 552 | 189 | 252 |
| Total expenses | 3,708 | 4,141 | 4,387 | 3,273 | 3,229 | 2,947 | 3,887 |
| Employee cost | 423 | 426 | 394 | 346 | 287 | 262 | 287 |
| EBITDA | 3,940 | 3,472 | 3,022 | 3,129 | 2,575 | 2,352 | 2,965 |
| EBITDA margin | +51.5% | +45.6% | +40.8% | +48.9% | +44.4% | +44.4% | +43.3% |
| Depreciation | 1,142 | 1,038 | 995 | 832 | 683 | 582 | 468 |
| Interest | 1,756 | 1,795 | 1,868 | 1,521 | 1,894 | 1,697 | 1,574 |
| Profit before tax | 1,248 | 6,861 | 951 | 1,077 | 550 | 262 | 1,175 |
| Tax | 397 | 381 | 346 | 357 | 188 | 144 | 454 |
| Net profit | 875 | 992 | 593 | 705 | 356 | 116 | 681 |
| Net profit margin | +11.4% | +13.0% | +8.0% | +11.0% | +6.1% | +2.2% | +9.9% |
| EPS (βΉ) | 1.41 | 10.73 | 1.00 | 1.19 | 5.98 | 3.33 | 20.51 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 604 | 604 | 604 | 604 | 604 | 351 | 351 |
| Reserves & surplus | 20,345 | 19,223 | 13,141 | 12,775 | 11,962 | 6,549 | 6,331 |
| Shareholders' funds (net worth) | 20,949 | 19,827 | 13,745 | 13,379 | 12,566 | 6,901 | 6,683 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 16,441 | 17,294 | 15,844 | 14,256 | 14,497 | 17,309 | 7,604 |
| Unsecured loans | 3,586 | 3,305 | 2,809 | 2,493 | 2,200 | 1,909 | 1,601 |
| Total debt | 20,027 | 20,599 | 18,653 | 16,748 | 16,697 | 19,219 | 9,205 |
| Total liabilities | 49,994 | 49,948 | 42,556 | 40,830 | 40,818 | 38,090 | 29,816 |
| Assets | |||||||
| Gross block | 30,202 | 29,891 | 29,790 | 29,780 | 29,779 | 28,941 | 28,945 |
| Net block | 23,896 | 24,616 | 25,514 | 26,480 | 27,271 | 27,102 | 27,671 |
| Capital work in progress | 4.24 | 0.77 | 7.65 | 7.54 | 62.53 | 673 | 403 |
| Investments | 19,328 | 17,097 | 9,642 | 5,141 | 4,904 | 4,799 | 4,146 |
| Inventories | 367 | 339 | 293 | 299 | 317 | 322 | 331 |
| Sundry debtors | 155 | 331 | 759 | 1,635 | 994 | 340 | 441 |
| Cash & bank balances | 1,911 | 3,446 | 1,763 | 2,417 | 1,744 | 2,339 | 2,271 |
| Loans & advances | 2,067 | 1,777 | 1,760 | 2,418 | 1,609 | 2,177 | 1,462 |
| Total current assets | 4,501 | 5,892 | 4,574 | 6,769 | 4,664 | 5,178 | 4,505 |
| Total current liabilities | 1,544 | 1,861 | 2,110 | 1,809 | 1,663 | 3,081 | 10,070 |
| Net working capital | 2,956 | 4,031 | 2,464 | 4,961 | 3,001 | 2,096 | (5,565) |
| Total assets | 49,994 | 49,948 | 42,556 | 40,830 | 40,818 | 38,090 | 29,816 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1,860 | 233 | 301 | 47.28 | 648 | 437 | 272 |
| Net cash from operating activities | 2,098 | 1,971 | 4,054 | 1,764 | 364 | 867 | 3,709 |
| Net cash from investing activities | (910) | 375 | (3,644) | (650) | (1,553) | (8,176) | (4,932) |
| Net cash from financing activities | (2,702) | (720) | (477) | (860) | 589 | 7,520 | 1,388 |
| Net change in cash | (1,513) | 1,627 | (67.89) | 253 | (601) | 211 | 165 |
| Closing cash | 1,911 | 3,446 | 1,763 | 2,417 | 1,744 | 2,339 | 2,271 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +0.5% | +2.8% | +15.7% | +10.3% | +9.5% | -22.7% | - |
| EBITDA growth | +13.5% | +14.9% | -3.4% | +21.5% | +9.5% | -20.7% | - |
| PBT growth | -81.8% | +621.2% | -11.7% | +95.9% | +110.1% | -77.7% | -20.2% |
| Net income growth | -11.8% | +67.3% | -15.8% | +98.0% | +207.3% | -83.0% | - |
| Revenue CAGR (3Y) | +6.1% | +9.5% | +11.8% | -2.2% | -4.7% | -2.4% | +5.4% |
| EBITDA CAGR (3Y) | +8.0% | +10.5% | +8.7% | +1.8% | -4.4% | -4.4% | -1.0% |
| Profitability & leverage | |||||||
| Net income margin | +11.1% | +85.1% | +8.2% | +11.3% | +6.2% | +2.2% | +10.5% |
| Return on capital employed | +6.0% | +6.2% | +6.8% | +6.4% | +6.2% | +5.8% | +8.3% |
| Return on net worth | +4.2% | +5.9% | +4.5% | +5.6% | +3.7% | +1.7% | +11.1% |
| Debt / equity | 1.00 | 1.17 | 1.31 | 1.29 | 1.85 | 2.09 | 1.99 |
| Long-term debt / equity | 0.90 | 1.06 | 1.15 | 1.15 | 1.68 | 1.74 | 1.62 |
| Interest cover | 62.76 | 73.74 | 92.17 | 66.24 | 100.11 | 95.89 | 63.03 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.25 | 0.26 | 0.25 | 0.21 | 0.20 | 0.18 | 0.22 |
| Inventory turnover | 21.68 | 24.11 | 25.03 | 20.77 | 18.16 | 16.23 | 17.71 |
| Debtors turnover | 31.45 | 13.98 | 6.19 | 4.87 | 8.70 | 13.57 | 24.72 |
| EPS (βΉ) | 1.41 | 10.73 | 1.00 | 1.19 | 5.98 | 3.33 | 20.51 |
| Dividend per share (βΉ) | 0.21 | 0.30 | 0.30 | 0.20 | 0.00 | 0.00 | 5.00 |
| Book value per share (βΉ) | 34.69 | 32.83 | 22.76 | 22.15 | 208.07 | 196.35 | 190.15 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,003 | 1,230 | 1,172 | 1,097 | 1,065 | 1,294 | 1,466 | 1,349 |
| Revenue growth (YoY) | -5.8% | -4.9% | -20.1% | -18.7% | +7.1% | +3.2% | - | - |
| Other income | 97.58 | 55.55 | 200 | 99.69 | 107 | 76.20 | 144 | 4,936 |
| Total expenses | 644 | 778 | 733 | 690 | 723 | 1,027 | 1,097 | 1,037 |
| EBITDA | 359 | 452 | 439 | 407 | 341 | 267 | 369 | 313 |
| EBITDA margin | +35.8% | +36.7% | +37.5% | +37.1% | +32.0% | +20.7% | +25.2% | +23.2% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 145 | 148 | 152 | 151 | 153 | 157 | 157 | 154 |
| Profit before tax | 312 | 360 | 486 | 356 | 296 | 186 | 356 | 5,095 |
| Tax | 78.28 | 90.45 | 96.53 | 77.00 | 107 | 46.63 | 78.00 | 60.98 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,627 | 5,063 | 4,826 | 4,160 | 2,600 | 2,750 | 3,992 |
| Revenue growth | -8.6% | +4.9% | +16.0% | +60.0% | -5.5% | -31.1% | - |
| Other income | 483 | 5,542 | 1,025 | 403 | 476 | 320 | 171 |
| Total expenses | 3,172 | 4,213 | 4,239 | 3,729 | 1,924 | 2,372 | 3,471 |
| Employee cost | 60.55 | 69.92 | 83.68 | 75.90 | 47.81 | 42.60 | 60.86 |
| EBITDA | 1,455 | 851 | 587 | 431 | 676 | 378 | 521 |
| EBITDA margin | +31.4% | +16.8% | +12.2% | +10.4% | +26.0% | +13.7% | +13.1% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 614 | 580 | 708 | 375 | 722 | 495 | 323 |
| Profit before tax | 1,324 | 5,813 | 904 | 459 | 430 | 203 | 368 |
| Tax | 327 | 199 | 141 | 87.02 | 110 | 14.14 | 88.98 |
| Net profit | 998 | 654 | 753 | 372 | 317 | 186 | 279 |
| Net profit margin | +21.6% | +12.9% | +15.6% | +9.0% | +12.2% | +6.8% | +7.0% |
| EPS (βΉ) | 1.65 | 9.30 | 1.26 | 0.62 | 5.30 | 5.36 | 7.94 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 604 | 604 | 604 | 604 | 604 | 351 | 351 |
| Reserves & surplus | 15,357 | 14,094 | 8,880 | 8,349 | 7,883 | 2,505 | 2,214 |
| Shareholders' funds (net worth) | 15,961 | 14,698 | 9,484 | 8,953 | 8,487 | 2,856 | 2,566 |
| Secured loans | 879 | 1,063 | 1,432 | 3,593 | 3,357 | 6,461 | 2,777 |
| Unsecured loans | 10,919 | 9,752 | 7,893 | 2,272 | 2,111 | 3,629 | 5,266 |
| Total debt | 11,798 | 10,814 | 9,325 | 5,865 | 5,468 | 10,090 | 8,042 |
| Total liabilities | 27,776 | 25,514 | 18,873 | 14,819 | 13,958 | 12,949 | 10,611 |
| Assets | |||||||
| Gross block | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net block | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 23,145 | 20,399 | 13,770 | 8,752 | 8,270 | 8,975 | 6,450 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 51.35 | 278 | 778 | 549 | 293 | 171 | 239 |
| Cash & bank balances | 1,518 | 3,143 | 1,446 | 1,679 | 1,493 | 2,059 | 1,256 |
| Loans & advances | 1,134 | 1,037 | 1,005 | 1,560 | 1,211 | 1,754 | 2,381 |
| Total current assets | 2,704 | 4,459 | 3,230 | 3,788 | 2,996 | 3,984 | 3,875 |
| Total current liabilities | 2,332 | 2,939 | 2,935 | 2,031 | 1,575 | 2,119 | 2,209 |
| Net working capital | 372 | 1,520 | 295 | 1,757 | 1,421 | 1,865 | 1,667 |
| Total assets | 27,776 | 25,514 | 18,873 | 14,819 | 13,958 | 12,949 | 10,611 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1,763 | 103 | 199 | 6.44 | 578 | 346 | 9.18 |
| Net cash from operating activities | (213) | 438 | 1,149 | 250 | (290) | 1,422 | (425) |
| Net cash from investing activities | (923) | 710 | (3,795) | (25.70) | (269) | (2,391) | (2,362) |
| Net cash from financing activities | (441) | 512 | 2,549 | (31.46) | (12.40) | 1,201 | 3,124 |
| Net change in cash | (1,576) | 1,660 | (96.83) | 193 | (571) | 232 | 337 |
| Closing cash | 1,518 | 3,143 | 1,446 | 1,679 | 1,493 | 2,059 | 1,256 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -8.6% | +4.9% | +16.0% | +60.0% | -5.5% | -31.1% | - |
| EBITDA growth | +71.0% | +44.9% | +36.3% | -36.3% | +79.0% | -27.5% | - |
| PBT growth | -77.2% | +543.2% | +96.8% | +6.8% | +112.2% | -45.0% | -20.0% |
| Net income growth | +52.6% | -13.2% | +102.4% | +17.4% | +70.3% | -33.3% | - |
| Revenue CAGR (3Y) | +3.6% | +24.9% | +20.6% | +1.4% | -8.4% | -1.8% | +5.4% |
| EBITDA CAGR (3Y) | +50.0% | +8.0% | +15.8% | -6.1% | +14.4% | +5.7% | +11.7% |
| Profitability & leverage | |||||||
| Net income margin | +21.5% | +110.9% | +15.8% | +9.0% | +12.3% | +6.9% | +7.0% |
| Return on capital employed | +7.3% | +7.2% | +9.6% | +5.8% | +8.6% | +5.9% | +7.8% |
| Return on net worth | +6.5% | +8.1% | +8.3% | +4.3% | +5.6% | +7.0% | +10.7% |
| Debt / equity | 0.74 | 0.83 | 0.82 | 0.65 | 1.37 | 3.34 | 2.43 |
| Long-term debt / equity | 0.46 | 0.50 | 0.42 | 0.31 | 0.71 | 1.25 | 0.49 |
| Interest cover | 42.19 | 68.15 | 120.59 | 86.91 | 106.78 | 131.00 | 62.07 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 28.06 | 9.58 | 7.27 | 9.89 | 11.22 | 13.44 | 11.57 |
| EPS (βΉ) | 1.65 | 9.30 | 1.26 | 0.62 | 5.30 | 5.36 | 7.94 |
| Dividend per share (βΉ) | 0.21 | 0.30 | 0.30 | 0.20 | 0.00 | 0.00 | 5.00 |
| Book value per share (βΉ) | 26.43 | 24.34 | 15.71 | 14.82 | 140.54 | 81.27 | 73.01 |
Timeline of IRB Infrastructure Developers
4 dated milestones of IRB Infrastructure Developers across 23 years, from founding to its latest funding, stage changes and deals.
- Founded IRB Infrastructure Developers is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $71.4M.
- Funding Latest funding round, Post-IPO, of $714.8M.
Competitors of IRB Infrastructure Developers
IRB Infrastructure Developers has 3 listed competitors in our database. They include Afcons, GPT Infraprojects and KEC International.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| afcons.com | 1959 | Mumbai, India | Developer of oil & gas, underground, and urban infrastructure | |||
| gptgroup.co.in | 1980 | Kolkata, India | 1,807 | Infrastructure construction, healthcare, and SG cast iron products are provided. | ||
| kecrpg.com | 1945 | Mumbai, India | 5,068 | Manufacturer of electric power transmission towers and EPC company |
Detailed competitors of IRB Infrastructure Developers
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Web traffic of IRB Infrastructure Developers
The website of IRB Infrastructure Developers (irb.co.in) receives about 23.1K visits a month.
- Monthly visits23.1K
▲ 67.2% vs previous month
Websites whose visitors overlap most with IRB Infrastructure Developers. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| patelinfra.com | 100% | 10.2K | #2,412,180 | View details | |
| spml.co.in | 93% | 10.3K | #2,419,820 | View details | |
| kmcgroup.co.in | 88% | 1.4K | #11,262,237 | View details | |
| candcinfrastructure.com | 88% | 1.2K | #14,389,274 | View details | |
| afcons.com | 85% | 21.6K | #993,425 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 12 similar websites and full traffic analytics for IRB Infrastructure Developers
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- Audience overlap
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Top companies in Real Estate Developers & Builders
3 companies that operate in the same segment as IRB Infrastructure Developers (Real Estate Developers & Builders) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of luxury residential properties | 1992 | Mumbai, Maharashtra, India | USD 158.42 M | USD 55.39 M | 1,046 | |
Residential and commercial properties are developed by Godrej Properties. | 1990 | Mumbai, Maharashtra, India | USD 546.88 M | 6,030 | ||
Premium residential building development services are provided. | 1980 | Mumbai, Maharashtra, India | USD 152.4 M | USD 658.36 M | 1,322 |
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Related news about Irb Infrastructure Developers
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Frequently Asked Questions about IRB Infrastructure Developers
IRB Infrastructure Developers was founded in 1998 and raised its 1st funding round 17 years after it was founded.
IRB Infrastructure Developers is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ajay Deshmukh is the CEO of IRB Infrastructure Developers, as recorded in our data.
IRB Infrastructure Developers has 1,456 employees.
The primary company behind IRB Infrastructure Developers, Irb Infrastructure Developers Limited, reported revenue of βΉ7,854 Cr for FY 2026, down 0% year on year.
IRB Infrastructure Developers, based in Mumbai, focuses on real estate and construction, real estate infrastructure developers, and infrastructure. Provider of infrastructure development services. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
IRB Infrastructure Developers's top competitors include Afcons, GPT Infraprojects and KEC International.
IRB Infrastructure Developers offers Highway Development Services, Toll Collection System, and InvIT Platform.
Yes, IRB Infrastructure Developers is publicly traded on NSE under the ticker symbol IRB.
IRB Infrastructure Developers has 2 investors. Key investors include GIC, and Cintra Software.
IRB Infrastructure Developers is associated with 6 legal entities: Irb Infrastructure Developers Limited, Irb Hapur Moradabad Tollway Limited, Ge1 Expressway Private Limited and others.
The legal entities of IRB Infrastructure Developers currently have 32 directors, including Swapna Sadanand Vengurlekar, Nikesh Moolchand Jain, Devendra Ranka and others.

